Symantec is an American computer software company founded on March 1, 1982.[1] It is an international corporation that specializes in selling security and information management software,[2] and is listed on the NASDAQ-100 stock market index and Fortune 1000 list of the largest American companies.[3] Gary Hendrix founded the company in 1982 with the help of a National Science Foundation grant. Symantec was originally focused on artificial intelligence-related projects, and Hendrix hired several Stanford University natural language processing researchers as the company's first employees.[4] After the company's initial public offering in 1989, Hendrix left the company in 1991 and moved to Texas.[5] The company has acquired 57 companies, purchased stakes in 2 firms, and divested 26 companies, in which parts of the company are sold to another company. Of the companies that Symantec has acquired, 50 were based in the United States. Symantec has not released the financial details for most of these mergers and acquisitions.
Symantec's first acquisition was C&E Software on January 1, 1984, and the founder of C&E Software, Gordon Eubanks, became the new chief executive officer of Symantec.[6] The company has made three acquisitions with a value greater than $1 billion: VeriSign was acquired on May 19, 2010 for $1.250 billion, Altiris was acquired on April 6, 2007 for $1.038 billion, and Symantec purchased Veritas Software on July 2, 2005 for $13 billion. The deal with Veritas was Symantec's largest acquisition and made Symantec the fifth-largest software company in the world.[7] The company made the most acquisitions in 2004 with six: ON Technology, Brightmail, TurnTide, @stake, LIRIC Associates, and Platform Logic.
Acquisitions
Date |
Company |
Business |
Country |
Value (USD) |
References |
January 1, 1984 |
C&E Software |
Software |
United States |
— |
[8] |
July 8, 1987 |
Living Videotext |
Software |
United States |
— |
[9] |
October 26, 1987 |
Think Technologies |
Software |
United States |
— |
[10] |
September 4, 1990 |
Peter Norton Computing |
Computer software |
United States |
$70,000,000 |
[11] |
August 13, 1991 |
Zortech International |
Compiler software |
United Kingdom |
$12,100,000 |
[12] |
December 31, 1991 |
Leonard Development Group |
Computer programming |
United States |
— |
[13] |
March 31, 1992 |
Dynamic Microprocessor Associates |
Software |
United States |
$21,800,000 |
[14] |
April 4, 1992 |
Symantec UK |
Wholesale software |
United Kingdom |
$26,200,000 |
[15] |
June 9, 1992 |
MultiScope |
Debugging software |
United States |
$6,765,000 |
[16] |
June 9, 1992 |
Whitewater Group |
Programming tools |
United States |
$3,280,000 |
[17] |
October 9, 1992 |
Certus International |
Anti-virus software |
United States |
$3,260,000 |
[18] |
June 2, 1993 |
Contact Software International |
Management software |
United States |
$47,000,000 |
[19] |
October 7, 1993 |
Fifth Generation Systems |
Utilities software |
United States |
$43,250,000 |
[20] |
November 8, 1993 |
NetDistributor[note 1] |
Software |
United States |
— |
[21] |
November 8, 1993 |
Trik-Distributor Mgmt Utility[note 2] |
Management software |
United States |
— |
[22] |
December 31, 1993 |
DataEase Intl Inc-Cert Tech[note 3] |
Software |
United States |
$8,180,000 |
[23] |
January 13, 1994 |
Quest Development |
Data management software |
United States |
— |
[24] |
June 1, 1994 |
Central Point Software |
Utility software |
United States |
$62,960,000 |
[25] |
June 1, 1994 |
SLR Systems |
Software |
United States |
$2,300,000 |
[26] |
September 30, 1994 |
Intec Systems |
Mobile computing |
United States |
$1,610,000 |
[27] |
July 28, 1995 |
Sytron |
Computer peripheral |
United States |
— |
[28] |
November 22, 1995 |
Delrina |
Software |
Canada |
$378,080,000 |
[29] |
June 30, 1996 |
Fast Track |
Open network design |
United States |
$7,462,500 |
[30] |
June 4, 1998 |
Eastman Software-Storage Mgmt[note 4] |
Storage migration technology |
United States |
$10,000,000 |
[31] |
June 24, 1998 |
Binary Research |
Disk cloning technology |
New Zealand |
$27,500,000 |
[32] |
September 28, 1998 |
Intel Corp-Anti Virus Business[note 5] |
Anti-virus software |
United States |
— |
[33] |
March 30, 1999 |
Quarterdeck |
Utilities and community software |
United States |
$78,411,000 |
[34] |
July 21, 1999 |
Urlabs |
Internet software |
United States |
— |
[35] |
March 9, 2000 |
L-3 Commun Network Security[note 6] |
Security solutions |
United States |
$20,000,000 |
[36] |
December 18, 2000 |
AXENT Technologies |
Security solutions |
United States |
$988,066,000 |
[37] |
August 30, 2001 |
Lindner & Pelc Consult |
Computer consulting |
Germany |
— |
[38] |
July 2, 2002 |
Mountain Wave |
Enterprise security management |
United States |
$20,000,000 |
[39] |
August 6, 2002 |
SecurityFocus |
Computer system security |
United States |
$75,000,000 |
[40] |
August 19, 2002 |
Recourse Technologies |
Internet security |
United States |
$135,000,000 |
[41] |
August 19, 2002 |
Riptech |
Managed security |
United States |
$145,000,000 |
[42] |
April 17, 2003 |
Roxio-Goback Sys Recovery Ast[note 7] |
System recovery |
United States |
$13,000,000 |
[43] |
July 18, 2003 |
Nexland |
Internet access |
United States |
$19,600,000 |
[44] |
October 20, 2003 |
SafeWeb Inc |
Security and privacy |
United States |
$26,000,000 |
[45] |
December 8, 2003 |
PowerQuest |
Software |
United States |
$150,000,000 |
[46] |
February 17, 2004 |
ON Technology |
Network security software |
United States |
$101,110,000 |
[47] |
June 22, 2004 |
Brightmail |
Anti-spam software |
United States |
$370,000,000 |
[48] |
July 13, 2004 |
TurnTide |
Anti-spam software |
United States |
$28,000,000 |
[49] |
October 8, 2004 |
@stake |
Digital security |
United States |
— |
[50] |
October 11, 2004 |
LIRIC Associates |
Computer consulting |
United Kingdom |
— |
[51] |
December 13, 2004 |
Platform Logic |
Software |
United States |
— |
[52] |
May 16, 2005 |
XtreamLok |
Information Security |
Australia |
$17,873,000 |
[53][54] |
July 2, 2005 |
Veritas Software |
Business applications software |
United States |
$1.352×10^10 |
[55] |
October 4, 2005 |
WholeSecurity |
Security software |
United States |
$68,270,000 |
[54][56] |
October 7, 2005 |
Sygate Technologies |
Software |
United States |
$176,971,000 |
[54][57] |
January 6, 2006 |
BindView |
Network management software |
United States |
$220,716,000 |
[54][58] |
February 13, 2006 |
IMlogic |
IM protection software |
United States |
$90,700,000 |
[54][59] |
February 17, 2006 |
Relicore |
Management software |
United States |
$52,071,000 |
[54][60] |
November 20, 2006 |
Revivio |
Continuous data protection |
United States |
— |
[61] |
December 1, 2006 |
Company-i |
Information technology |
United Kingdom |
$37,000,000 |
[62][63] |
February 23, 2007 |
4FrontSecurity |
Risk management |
United States |
$7,000,000 |
[63][64] |
April 6, 2007 |
Altiris |
IT management software |
United States |
$1.038238×10^9 |
[65][66] |
November 30, 2007 |
Vontu |
Data security software |
United States |
$350,000,000 |
[67][66] |
January 11, 2008 |
Transparent Logic Technologies |
Workflow optimization software |
United States |
$12,000,000 |
[63] |
April 18, 2008 |
AppStream |
Application Streaming |
United States |
$53,000,000 |
[68][69] |
June 6, 2008 |
SwapDrive |
Web-based software |
United States |
$124,000,000 |
[70][71] |
August 8, 2008 |
nSuite Technologies |
Desktop virtualization |
United States |
$20,000,000 |
[72][73]
|
October 6, 2008 |
PC Tools |
Utility software |
Australia |
$262,000,000 |
[71][74] |
November 14, 2008 |
MessageLabs |
SaaS Security Provider |
United Kingdom |
$630,000,000 |
[75][76] |
March 20, 2009 |
Mi5 Networks |
Web Security Gateway |
United States |
$18,000,000 |
[71][77] |
October 31, 2009 |
SoftScan |
SaaS Security Provider |
Denmark |
— |
[78] |
January 12, 2010 |
Gideon Technologies |
Information security |
United States |
— |
[79] |
June 4, 2010 |
PGP Corporation |
Data Encryption |
United States |
$300,000,000 |
[80] |
June 3, 2010 |
GuardianEdge |
Endpoint Data Protection |
United States |
$70,000,000 |
[80] |
May 19, 2010 |
VeriSign security business |
Authentication Services |
United States |
$1.28×10^9 |
[81] |
October 10, 2010 |
RuleSpace security business |
Web content categorization |
United States |
— |
[82] |
May 19, 2011 |
Clearwell Systems |
eDiscovery |
United States |
$390,000,000 |
[83] |
January 16, 2012 |
LiveOffice |
SaaS Archiving |
United States |
$115,000,000 |
[84] |
March 2, 2012 |
Odyssey Software |
Mobile Device Management |
United States |
$36,000,000 |
[85][86] |
April 2, 2012 |
Nukona |
Mobile Application Management |
United States |
$28,000,000 |
[87][88]
|
July 18, 2013 |
PasswordBank |
Identity Management |
Spain |
— |
[89] |
May 28, 2014 |
NitroDesk |
Mobile Data Protection |
United States |
— |
[90] |
August 14, 2015 |
Blackfin Security |
Cyber Security Training |
United States |
— |
[91] |
Investments
Date |
Company |
Business |
Country |
Value (USD) |
References |
May 27, 2010 |
Mocana |
Security |
United States |
N/A |
[92] |
Stakes
Divestitures
Date |
Acquirer |
Target company |
Target business |
Acquirer country |
Value (USD) |
References |
March 28, 1989 |
NMB |
Seagate Technology-Composite |
Recording heads |
United States |
— |
[95] |
November 30, 1989 |
Carolian Systems International |
Delrina[note 10] |
Software |
United States |
— |
[96] |
May 15, 1990 |
IBM |
Delrina[note 11] |
Software |
United States |
$1,900,000 |
[97] |
August 13, 1991 |
Zortech |
Symantec[note 12] |
Software |
United Kingdom |
— |
[98] |
October 30, 1991 |
Read-Rite |
Conner Peripherals-Film Ops |
Computer disk film |
United States |
— |
[99] |
November 11, 1991 |
—[note 13] |
Delrina |
Software |
— |
$4,000,000 |
[100] |
February 15, 1993 |
RR Donnelley Norwest |
Central Point Software |
In-house manufacturing |
United States |
— |
[101] |
May 27, 1993 |
Overland Data |
Conner Peripherals Inc-Cipher |
Cipher tape drive |
United States |
$9,000,000 |
[102] |
October 18, 1993 |
DOVatron International |
Conner Periph SG-Surf Asm Elec |
Disk drives |
United States |
— |
[103] |
March 31, 1995 |
CenterLine Software |
Veritas Software Corp-Vista |
Software tools |
United States |
— |
[104] |
September 28, 1995 |
Quarterdeck Office Systems |
StarNine |
Internet services provider |
United States |
$12,470,000 |
[105] |
November 27, 1995 |
Investor Group |
Time Line Solutions |
Computer-based management |
United States |
— |
[106] |
March 11, 1996 |
Creative Wonders |
Delrina |
Computer software |
United States |
— |
[107] |
September 10, 1996 |
JetForm |
Delrina Corp-Electronic Forms |
Database software |
Canada |
$100,000,000 |
[108] |
November 14, 1997 |
Elron Electronic Industries |
ON Technology-Network Mgmt |
Network management software |
United States |
$13,500,000 |
[109] |
November 30, 1997 |
Elron Software |
ON Technology Corp-Network |
Network security software |
United States |
$13,500,000 |
[110] |
January 14, 1998 |
Platinum Equity |
StarNine Technologies |
Internet services provider |
United States |
— |
[111] |
December 31, 1999 |
SalesLogix |
Symantec Corp-ACT! Software |
Information management |
United States |
$85,787,000 |
[112] |
June 9, 2000 |
Seagate Technology |
Seagate Software |
Wholesale software |
United States |
— |
[113] |
November 22, 2000 |
Investor Group |
Seagate Technology-Disk-Drive |
Disk drives and storage devices |
United States |
$2×10^9 |
[114] |
November 30, 2000 |
Black Box Corporation |
Intec Systems |
Mobile computing |
United States |
— |
[115] |
December 18, 2002 |
Sonic Solutions |
Veritas-Desktop,Mobile Div |
Software |
United States |
$9,200,000 |
[116] |
May 10, 2004 |
TechTarget |
myITforum |
Web portal |
United States |
— |
[117] |
January 31, 2006 |
Symantec[note 14] |
Symantec |
Internet software |
United States |
$1×10^9 |
[118] |
March 10, 2008 |
Vector Capital |
Symantec Corp-Application |
Internet software |
United States |
— |
[119] |
July 8, 2008 |
Electronic Evidence Discovery |
Daticon |
Litigation software |
United States |
— |
[120] |
Notes
- ↑ NetDistributor was acquired from Trik.
- ↑ Trik-Distributor Mgmt Utility was acquired from Trik.
- ↑ DataEase Intl Inc-Cert Tech was acquired from DataEase International.
- ↑ Eastman Software-Storage Mgmt was acquired from eiStream.
- ↑ Intel Corp-Anti Virus Business was acquired from Intel Corporation.
- ↑ L-3 Commun Network Security was acquired from L-3 Communications.
- ↑ Roxio-Goback Sys Recovery Ast was acquired from Napster.
- ↑ Symantec acquired an 11% stake in Brightmail.
- ↑ Huawei Tech Co Ltd-Telecom is owned by Huawei Technologies.
- ↑ Carolian Systems International acquired a 51.5% interest in Delrina.
- ↑ IBM acquired an 11% stake in Delrina.
- ↑ Zortech acquired 238,095 common shares of Symantec.
- ↑ A minority stake of Delrina was acquired by an undisclosed acquiror.
- ↑ Symantec repurchased the company's common stock outstanding in open market or privately negotiated transactions.
References
- General
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- Specific
External links
Mergers and acquisitions by company
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